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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (7346)	11/11/1998 10:51:00 PM
From: Luc Glinas	Respond to of 18016

Hi Pat From a Canadian point of view, I find hard to understand that those gentlemen suggest that investing in CDA is a way to loose money, I am interested to know the facts, the reasons to assume that CDA is a bad investment. BTW -back to Lucent. I have heard only the last part of that interview and what I have heard and understand is for sure that Lucent will make a multi-billion acquisition. She didn't mention any names but it seams that Lucent is targeting NN market. She didn't say but I doubt that they are targeting CSCO so NN is in my point of view an interesting company with a huge potential to acquire for Lucent. I hope that other NN investors caught that interview and will give us their point of view. May be that on tomorrow we will see some movements on the market. Good night Luc

To: pat mudge who wrote (7346)	11/11/1998 11:45:00 PM
From: Gary Korn	Read Replies (2) \| Respond to of 18016

NBR transcript of an interview with Lucent's EVP Pat Russo: "Forbes Executive Women's Summit-Pat Russo Of Lucent SUSIE GHARIB: It sounds hard to believe but more than half of the people around the world have never made a phone call. And Lucent Technologies (NYSE:LU) wants to be there when they do. NIGHTLY BUSINESS REPORT's Linda O'Bryon asked Pat Russo, Lucent's executive vice president for corporate strategy, about the company's plans at a Forbes magazine executive women's summit in Washington, DC today. LINDA O'BRYON, NIGHTLY BUSINESS REPORT CORRESPONDENT: At this Forbes conference, you're talking about the idea of chaos management and managing in an interconnected economy. First off, how do you define chaos management? PATRICIA RUSSO, EXEC. VICE PRESIDENT, LUCENT TECHNOLOGIES: Chaos management can almost be defined based upon each of our personal and professional experiences. I tend to think of it as time of rapid change, unpredictable change. Things are happening at incredibly fast paces. O'BRYON: Now are women in the workplace particularly suited to working in this kind of chaotic management if you will, with rapid paced change. RUSSO: I wouldn't say that women are particularly suited, nor would I say men are particularly suited. I think people who put a premium on maintaining a focus on customers, on staying in touch with the external world, who put a premium on speed, making decisions quickly, being willing to take risks and being accountable for those, are the kinds of people that lead and manage best in times of great change. O'BRYON: Do you think that women's management styles differ from those of men? RUSSO: I think individuals' management styles differ from those of each other. I am not a fan of stereotyping. I tend to want to think in individual terms as opposed to gender terms. O'BRYON: What are the biggest hurdles women face today? RUSSO: I think that more and more the complexities with, for the complexities that we are managing in these interconnected and fast- paced economies and industries, create a need for rapid decision making and at the same time in complex environments, bringing people together. And so finding the balance between collaborating and deciding is always a challenge. O'BRYON: At Lucent Technologies, you direct company strategy and business development. What is your number one strategy for the company? RUSSO: We are very focused on growing globally and growing faster than the market. We are very focused on the hottest segments of the industry that we're in, optical networking, data networking, software, semiconductors. We are very focused on speed and time to market in leveraging the incredible technological capabilities of Bell Laboratories. O'BRYON: A recent Forbes article says the buzz around Wall Street is which company will Lucent acquire? They've, the rumors have been Ascend Communications (NASDAQ:ASND), 3Com (NASDAQ:COMS). Any comments on the acquisition policies? RUSSO: This wouldn't be an interview if I wasn't asked about Lucent's next acquisition. First of all, we don't have a strategy to acquire. We have a business strategy and a set of strategies that support that. We have said and I believe have acted in a way that represents acquisitions are a tactic to support those strategies. We have and will continue to look at what makes sense for us to fill out our capabilities. O'BRYON: What kind of company makes sense to fill out those capabilities? RUSSO: We play in the data networking space, the optical networking space, the switching and access markets, the global markets, the software markets, and we've made acquisitions in many of those. And so it's, I can't say what company. I can only say that we'll look at companies as they make sense for the business, for our share owners in the critical strategic spaces that are important for us and the ones that are the fastest growing. O'BRYON: And also saying they're expecting a multi-billion dollar acquisition the next six months. Are they right? RUSSO: No comment. O'BRYON: Has the focus of Lucent Technologies shifted from the telephone instrument to more of the networking services. It seems that you are really in that marketplace of competitive aspects toward companies like Cisco (NASDAQ:CSCO). RUSSO: You are absolutely right about an, not necessarily a shift of focus, but an expansion of our focus. Our vision of communications network is really much broader than just voice or data. It has to do with wired networks and wireless networks and optical networks and software and services and we believe that Lucent plays like no one else. O'BRYON: Are there particular countries however that seem to be hot prospects for you in terms of potential growth? RUSSO: Our growth opportunities are really very balanced. Our, we came late to the global market and so, you know, we are a $30 billion company. We think the market globally will be a $650 billion market by the year 2001 and that represents tremendous, what we call head room for growth for us. O'BRYON: Thank you very much, Pat Russo, Lucent Technologies. Nightly Business Report transcripts are available on-line post-broadcast.